The ZRW mobile solar-powered floodlighting system was supplied to Namibian iron-ore mine which requires electricity to run 24/7 Tailor-made energy solutions provider ZRW Mechanika’s supply of solar-powered masts last year to chrome mining company Samancor Western Chrome, which operates an opencast mine in Marikana, in the North West, has sparked …
Read More »FQM gives cautious welcome to mining royalties revamp
LUSAKA – Zambia’s largest mining company, First Quantum Minerals (FQM), has welcomed Government’s move to revamp mining royalties as a “step in the right direction” but has called for more to be done to ensure long-term competitiveness and renewed investment in the sector. The new Mines and Minerals Development (Amendment) …
Read More »CBM-TEC 2016 brings top speakers to Kitwe showgrounds
With the third edition of the Copperbelt Mining Trade Expo and Conference (CBM-TEC) now just weeks away, conference speakers and delegates will be tackling head-on the real issues facing Zambian mining. From fiscal policy to power generation for mining, to local content development and value addition, the CBM-TEC conference will …
Read More »Company to exhibit highly resilient pipe at Copperbelt expo
Two trading arms of complete pipeline solutions provider Rare, Rare Plastics and Rare Pipeline Services (which incorporates Rare Construction Zambia), will exhibit at this year’s Copperbelt Mining Trade Expo and Conference (CBM-TEC) from May 12 to 13. Rare will be showcasing its Rare Plastics co-extruded pipe (RPC), developed particularly to …
Read More »Zambia scales back mining royalties to 9%
Zambia has approved a proposal to drop a recent and controversial hike in mining royalties and it is returning to a tax system based on profit in a fresh effort to try solving a six-month standoff with miners over the increase. Tthe government has set mining royalties for both open-pit …
Read More »Copperbelt capital equipment supply must be mutually beneficial to ensure sustiainability,argues researcher
Although the mining inputs cluster in Southern Africa, including capital equipment suppliers and the mining equipment sector in Zambia, is well integrated, more needs to be done to ensure mutually beneficial sustainability for all stakeholders, states University of Johannesburg-affiliated research and capacity development group the Centre for Competition Regulation and …
Read More »Alecto secures partners for the Zambia gold project
Gold and base metals exploration and development company Alecto Minerals has signed an agreement with Chinese mining equipment manufacturer Yantai Xinhai Machinery and South Africa-based turnkey solutions provider PenMin for the proposed construction and financing of mining operations at Alecto’s Matala gold project, in Zambia. This followed the positive outcome …
Read More »Gemfields achieves record price for emerald carat price
Aim-listed Gemfields has achieved a record price per higher-quality carat at its latest emerald auction, held in Lusaka, in Zambia, from March 30 to April 3. Revenue of $33.1-million was generated through the sale of 469 000 ct of predominantly higher-quality rough emeralds extracted by 75%-owned Kagem Mining, in Zambia. …
Read More »Zambia introduces screening equipment to monitor mineral exports
Zambia on Thursday introduced equipment which will enable its revenue authority and other government agencies to independently verify the quality of mineral exports, a senior government official said. Treasury Secretary Fredson Yamba said in a statement that Africa’s second-biggest copper producer had previously depended on what mineral exporters said through …
Read More »Glencore to invest $1.1 billion in Zambia, kwacha gains
Glencore will invest over $1.1 billion in Zambia to sink three copper mine shafts with new technology that will extend mine life by over 25 years, pushing the kwacha to its highest in two months. By 1040 GMT (6.40 a.m. ET) the currency of Africa’s number 2 copper producer had …
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